- Enapter. has raised about €53 million from a new stock offering.
- The funds will finance a new electrolyser manufacturing factory.
- The British company Johnson Matthey Plc (JM) is set to invest €20 million for a 4.31% interest.
Enapter, a German hydrogen generator producer, has raised about €53 million in “gross proceeds in a capital increase”. Enapter placed a total of 2.78 million new shares at €19 apiece. The funds will be used to develop an electrolyser factory in North Rhine-Westphalia.
The capital increase happened in several steps, and British speciality chemicals and sustainable technologies company Johnson Matthey Plc (JM) also took part. JM, in May, agreed to invest €20 million in Enapter as part of a new strategic partnership. The partnership will give JM a 4.31% interest in Enapter.
The funds will finance the construction of the Enapter Campus in the climate community of Saerbeck which started last September and is set to cost €105 million. The factory will be powered by locally-generated clean electricity. It plans to produce 10,000 Anion Exchange Membrane (AEM) electrolysers monthly. The complex will also include facilities for research and development.